The textbook offers 'accounting' as a sort of transformation process that converts daily records of individual transactions into monthly financial reports. Thus, suggesting that while 'accounting' is not a manufacturing process, it does add value by yielding reports that become 'outputs' that simulate the transformation process seen in the traditional thinking of transforming inputs into outputs; thus, accounting is a value creation activity. Consequently, Best Buy (the chain of retail stores) is in the service industry and creates value for its targeted consumers.

True or False ?